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Buy-write strategies, in which an investor buys a stock or a basket of stocks, and sells call options that correspond to the stock or basket of stocks, are becoming increasingly popular.
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The price of default protection on British broadcasting company ITV blew out Wednesday after ceo Charles Allen resigned.
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Standard terms for non-deliverable forwards on three Latin American currencies came into effect last week and dealers are hopeful they will boost trading.
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Traders and analysts expect the creation this fall of a loan-only credit-default swap index to boost volume and liquidity in single-name LCDS trading.
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A rating agency review that has kept some significant leveraged super senior players on the sidelines appears close to ending, allowing the firms to re-enter.
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Anders Larsen, head of fixed income derivative product sales to Scandinavia at Deutsche Bank in London, has quit the firm.
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Issuance of leveraged super senior collateralized debt obligations is tipped to step up this month after a spread rally in junior synthetic tranches during July has pushed value to the high reaches of the capital structure, particularly at the seven-year tenor.
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Morgan Stanley has hired Carl Mason, an equity derivative strategist at Deutsche Bank in New York, in a similar role.
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TD Securities is following up on its first structured investment offering in the U.S. with another similar deal.
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Trading of options on variance is picking up and the range of indices underlying the options is tipped to expand.
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Hedge funds are continuing to scale down exposure to equity volatility and that has dealers targeting traditional institutional equity fund managers.
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Kiran Mandrekar has flipped to Wachovia Securities from RBS Greenwich and joined as a v.p. and synthetic collateralized debt obligation structurer and marketer.